HSBC scoops global finance awards

HSBC Middle East’s payments and cash management business has been awarded Best Overall Bank for Cash Management and Best Bank for Payments and Collections by Global Finance.

The awards recognise HSBC’s continued efforts to strengthen its position across the region, “providing innovative solutions to its customers”.

Commenting on the wins, Natasha Patel, regional head payments and cash management for Middle East and North Africa, said, “Winning these awards is a testament of our capabilities in the Middle East. Our aim is to continue working closely with our customers, understanding their needs and delivering innovative solutions that will help make a difference to their cash management requirements. We hope that this commitment, backed by our extensive global footprint and expertise, will consolidate our position as the leading payments and cash management provider in the region.”

Winners of the Global Finance Awards are selected following assessment based on a series of subjective and objective criteria, including market share and reach, product innovation, customer service, profitability, competitive pricing and the extent to which cash management providers have successfully differentiated themselves from their competitors around core service provision.